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SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549
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AMENDMENT NO. 1
TO
FORM 10-KSB
ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
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For the fiscal year ended Commission file number 0-16416
OCTOBER 31, 1996
ELECTROPURE, INC.
(FORMERLY, HOH WATER TECHNOLOGY CORPORATION)
(Exact name of registrant as specified in its charter)
CALIFORNIA 33-0056212
(State or Other Jurisdiction (IRS Employer Identification No.)
of Incorporation or Organization)
23251 Vista Grande, Suite A, Laguna Hills, California 92653
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (714) 770-9187
Securities registered pursuant to Section 12(b) of the Act: None
Securities registered pursuant to Section 12(g) of the Act:
Common Stock, par value $0.01 per share
(Title of Class)
Indicate by check mark whether the Registrant (1) has filed all reports required
to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during
the preceding 12 months (or for such shorter period that the Registrant was
required to file such reports), and (2) has been subject to such filing
requirements for the past 90 days. Yes [ ] No [X].
Indicate by check mark whether any director, officer, beneficial owner of more
than 10 percent of any class of equity securities of the Registrant failed to
file any reports required by Section 16(a) of the Securities Exchange Act of
1934 on a timely basis during the most recent fiscal year. Yes [ ] No [X].
The aggregate market value of the voting stock held by non-affiliates of the
Registrant at June 6, 1997 was $589,583.
At June 6, 1997, 3,942,290 shares of the Registrant's stock were outstanding.
DOCUMENTS INCORPORATED BY REFERENCE
NONE
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SIGNATURES
Pursuant to the requirements of the Securities Act of 1934, as amended, the
Registrant has duly caused this Amendment No. 1 to Form 10-KSB to be signed on
its behalf by the undersigned thereunto.
Dated: July 29, 1997
ELECTROPURE, INC.
BY /S/ CATHERINE PATTERSON
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CATHERINE PATTERSON
Chief Financial Officer
Pursuant to the requirements of the Securities Act of 1934, as amended, this
Report has been signed below by the following persons in the capacities and on
the dates indicated:
SIGNATURES
/S/ RANDOLPH S. HEIDMANN Director July 29, 1997
- -----------------------------------
RANDOLPH S. HEIDMANN
/S/ WILLIAM H. LEE Director July 29, 1997
- -----------------------------------
WILLIAM H. LEE
/S/ RONALD J. O'HARE Director July 29, 1997
- -----------------------------------
RONALD J. O'HARE
Chief Financial
Officer (Principal July 29, 1997
/S/ CATHERINE PATTERSON Financial and
- ----------------------------------- Accounting Officer)
CATHERINE PATTERSON
29
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ELECTROPURE, INC.
(Formerly HOH Water Technology Corporation)
STATEMENTS OF OPERATIONS
<TABLE>
<CAPTION>
Year ended October 31,
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<S> <C> <C>
1995 1996
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License fees received $ 72,550 $ 81,559
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Costs and expenses:
General and administrative 91,610 140,202
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91,610 140,202
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Loss from operations (19,060) (58,643)
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Other income and (expense):
Interest expense (1,300) (12,155)
Interest income 239
Financing costs (41,070) (332,912)
Patent litigation rights (74,375) -
Miscellaneous income (expense) (800) (800)
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(117,545) (345,628)
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Loss before extraordinary item (136,605) (404,271)
Extraordinary item:
Gain on liabilities written off 244,286 113,188
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Net income (loss) $ 107,681 $ (291,082)
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Net income (loss) per share of common stock
Before extraordinary item (0.01) (0.21)
Extraordinary item:
Gain on liabilities written off 0.02 0.06
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$ 0.01 $ (0.15)
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Weighted average common shares outstanding $16,070,213 $ 1,926,868
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</TABLE>
See accompanying notes to financial statements.
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